Market Overview

PolyMet Draft Permit to Mine Released by Minnesota DNR

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Joint public hearing announced for draft mine, air and water permits

PolyMet Mining Corp., ("PolyMet" or the "company") TSX: POM; NYSE
AMERICAN: PLM – is pleased to announce that today the Minnesota
Department of Natural Resources released its draft Permit to Mine. An
approved permit would allow its wholly-owned subsidiary Poly Met Mining,
Inc. (together "PolyMet" or the "company") to construct and operate the
NorthMet copper-nickel-precious metals mine under the DNR's conditions.

In releasing the draft Permit to Mine for the PolyMet NorthMet Project,
the DNR also announced that public hearings on the draft permit will be
held February 7 and 8 in Aurora and Duluth, respectively. Separately
today, the Minnesota Pollution Control Agency announced that the
February 7 and 8 events also will serve as public meetings on the draft
air and water quality permits for the NorthMet mine with their
respective conditions. The draft air and water permits, including
related conditions, will be available from the PCA prior to the
meetings. The state posts draft permits, their status and related
information on www.polymet.mn.gov.

"We believe our mine design meets all necessary requirements to
construct and operate the mine in compliance with state law under the
published draft permit conditions," said Jon Cherry, president and CEO.
"Public comment on these conditions is the last step before DNR makes
its final decision."

The draft permit conditions detail monitoring, operating, reporting and
inspection requirements during both the construction and operation of
the mine. The draft Permit to Mine also details the reclamation and
closure plan, short- and long-term water management plan, wetland
replacement plan, and the financial assurance conditions, including
amounts required to construct and begin operation of the mine.

The public comment period will close on March 6, 2018, after which the
agencies will consider comments before making its final permit decisions.

"After many years of hard work we look forward to the opportunity of
opening the first copper-nickel-precious metals mine in Minnesota. We
recognize the significance of this opportunity and the responsibility we
have to do it right," Cherry said.

About PolyMet

PolyMet Mining Corp. (www.polymetmining.com)
is a publicly traded mine development company that owns 100 percent of
Poly Met Mining, Inc., a Minnesota corporation that controls 100 percent
of the NorthMet copper-nickel-precious metals ore body through a
long-term lease and owns 100 percent of the former LTV Steel Mining
Company site, a large processing facility located approximately six
miles from the ore body in the established mining district of the Mesabi
Iron Range in northeastern Minnesota. The NorthMet Final Environmental
Impact Statement was published in November 2015, preparing the way for
decisions on permit applications. NorthMet is expected to require
approximately two million hours of construction labor, create
approximately 360 long-term jobs directly, and generate a level of
activity that will have a significant multiplier effect in the local
economy.

PolyMet Disclosures

This news release contains certain forward-looking statements
concerning anticipated developments in PolyMet's operations in the
future. Forward-looking statements are frequently, but not always,
identified by words such as "expects," "anticipates," "believes,"
"intends," "estimates," "potential," "possible," "projects," "plans,"
and similar expressions, or statements that events, conditions or
results "will," "may," "could," or "should" occur or be achieved or
their negatives or other comparable words. These forward-looking
statements may include statements regarding the ability to receive
environmental and operating permits, job creation, and the effect on the
local economy, or other statements that are not a statement of fact.
Forward-looking statements address future events and conditions and
therefore involve inherent known and unknown risks and uncertainties.
Actual results may differ materially from those in the forward-looking
statements due to risks facing PolyMet or due to actual facts differing
from the assumptions underlying its predictions.

PolyMet's forward-looking statements are based on the beliefs,
expectations and opinions of management on the date the statements are
made, and PolyMet does not assume any obligation to update
forward-looking statements if circumstances or management's beliefs,
expectations and opinions should change.

Specific reference is made to risk factors and other considerations
underlying forward-looking statements discussed in PolyMet's most
recent Annual Report on Form 40-F for the fiscal year ended January 31,
2017, and in our other filings with Canadian securities authorities and
the U.S. Securities and Exchange Commission, including our Report on
Form 6-K providing information with respect to our operations for the
three and nine months ended October 31, 2017.

The Annual Report on Form 40-F also contains the company's mineral
resource and other data as required under National Instrument 43-101.

The TSX has not reviewed and does not accept responsibility for the
adequacy or accuracy of this release.

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